PENN Entertainment Inc (NASDAQ: PENN) – Suitable For Long Term Buy?

Currently, there are 152.90M common shares owned by the public and among those 150.38M shares have been available to trade.

Insiders at the company have transacted a total of 33 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 16 of these insider trades were purchases, accounting for 354,169 shares. Insider sales of the common stock occurred on 17 occasions, with total insider shares sold totaling 258,171 shares.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

However, the script later moved the day high at 23.81, up 0.47%. The company’s stock has a 5-day price change of 9.66% and 3.45% over the past three months. PENN shares are trading -10.11% year to date (YTD), with the 12-month market performance down to -27.20% lower. It has a 12-month low price of $18.35 and touched a high of $32.86 over the same period. PENN has an average intraday trading volume of 1.26 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.40%, -3.00%, and -3.03% respectively.

Institutional ownership of PENN Entertainment Inc (NASDAQ: PENN) shares accounts for 84.64% of the company’s 152.90M shares outstanding.

It has a market capitalization of $3.55B and a beta (3y monthly) value of 2.12. The earnings-per-share (ttm) stands at -$1.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.19% over the week and 4.09% over the month.

Analysts forecast that PENN Entertainment Inc (PENN) will achieve an EPS of $PennantPark Floating Rate Capit for the current quarter, $11.46 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Cenntro Electric Group Limited while analysts give the company a high EPS estimate of $PennantPark Investment Corporat. Comparatively, EPS for the current quarter was $PennyMac Mortgage Investment Tr a year ago. Earnings per share for the fiscal year are expected to decrease by -215.25%, and 120.66% over the next financial year. EPS should grow at an annualized rate of 9.09% over the next five years, compared to -24.33% over the past 5-year period.

Looking at the support for the PENN, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on November 20, 2023, with the firm’s price target at $27-$30.

Most Popular

Related Posts